Bitget extends commercial horizons with Usde StableCoin for Coin Margined (Coin-M) contracts

Victoria, Seychellen, June 4, 2024, Chainwire

bitget The world's leading cryptocurrency exchange and web3 company, is pleased to announce the integration of the synthetic USDE from Ethena Labs as a margin option for coin margin contracts. The introduction of this new synthetic, safe synthetic dollar will enrich the trade options and offer users a versatile trade experience. Coin margin-futures support several currencies as margin for over 230 futures trading pairs on bitget.

ethena has enabled the creation and redemption of a deltaneutal synthetic dollar, Usde, a fully laid, chain -based, scalable and censor resistant money form. The mechanism that supports Usde enables the first "Internet bond", which offers a cryptonative, value-increasing instrument that is denominated in dollars, which is derived from the yields from the estates from the assets and the financing and basic spreads available on the markets for unlimited.

usde is the 7th coin, which, in addition to BTC, ETH, USDC, XRP, BGB and Steth, joins Bitget's margin options. The integration of Usde offers Bitget users numerous advantages. It enables a wider range of trade strategies that are tailored to the different requirements of individual dealers. The use of Usde as margin potentially improves capital efficiency and optimizes the distribution of assets for improved financial supervision. With Usde, users can enjoy a more stable and convenient trade environment and increased flexibility.

"At Bitget we constantly provide our users first-class trading resources, be it market entries, defi access or other relevant mechanisms for trade funding-we do not exist a year ago, but now it keeps about 3 % of the offer to StableCoin. This impressive growth shows the potential well-designed mechanisms and we are still happy, and we are still happy. To support innovative crypto native projects and to work with them, ”said Gracy Chen, CEO at Bitget.

In order to use the Usde margin for coin margin contracts on the Bitget platform, users have to follow some simple steps. By transferring UsDE funds to the Coin Margin contract account, users can navigate to the contractual trade interface and select coin margin contracts. After selecting the currency couple, e.g. B. BTCUSD, and selection of Usde as margin can customize the lever according to the risk tolerance and trade strategy.

Based on market analyzes, users can provide buying/sales orders and other types of orders. Monitor positions and market conditions and use stop-without and take-profit orders to manage risks and secure positions. If the trade reaches the desired profit or loss area, users can close the position at the market price or a given price limit.

bitget remains obliged to continuous innovation and optimization and strives to provide its users efficient and accessible commercial services. Bitget responds to the demand for more flexible derivative products and enables 25 million users to manage and diversify their portfolios using new technologies such as AI in the trade.

Further information on Coin Margin trade with Usde can be found under Here .

via Bitget

founded in 2018, bitget is the world's leading cryptocurrency exchange and web3 company. The Bitget exchange serves over 25 million users in over 100 countries and regions and has set itself the goal of helping users with their groundbreaking copy trading function and other trade solutions to help act more intelligently. Formerly known as Bitkeep, Bitget wallet is a first-class multi-chain-krypto wallet that offers a number of comprehensive web3 solutions and functions, including wallet functionality, Swap, NFT marketplace, Dapp browser and more. Bitget inspires individuals to deal with crypto by working with credible partners, including the legendary Argentine footballer Lionel Messi and the official eSports event organizer e.g.

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